SMBC

SMBC Targets Growth in Brazil's Bond Market: A Strategic Shift in Financial Services

19 days ago

In a significant move indicative of its commitment to expanding its foothold in South America, Sumitomo Mitsui Banking Corporation (SMBC), one of Japan's foremost financial institutions, has announced plans to deepen its involvement in Brazil's local bond capital markets. This strategic initiative aims not only to tap into the growing financial opportunities in Brazil but also to bolster its global presence in burgeoning markets.

Former SMBC Nikko Executives Face Legal Action as Japanese Prosecutors Push for Penalties

2 months ago

In a significant move, Japanese prosecutors have announced their intention to pursue penalties against several former executives of SMBC Nikko Securities, amidst escalating scrutiny over corporate practices in the financial sector. This decision arrives after a series of internal investigations highlighted potential mismanagement and ethical breaches within the company, raising concerns about the regulatory environment in Japan.

JPMorgan Restructures CLO Group Following High-Profile Departures

4 months ago

In a significant shake-up within the structured finance sector, JPMorgan Chase & Co. has initiated a reorganization of its collateralized loan obligations (CLO) team. This move comes closely after the sudden exit of three prominent bankers who have announced their transition to SMBC Nikko Securities America Inc.